Recently, I've been keeping an eye on bitcoin:native data and haven't noticed any significant anomalies. So, it feels like Bitcoin's price should remain relatively stable for now, and there doesn't seem to be any anticipated risk data in the near term. However, looking at the net flow data from exchanges, the net inflow to exchanges has been greater than the net outflow recently, and this trend has been ongoing for a while. In plain terms, more and more Bitcoin is being deposited into exchanges again and hasn't been absorbed yet. While a higher supply doesn't necessarily mean a sell-off is imminent, it does increase the risk of downward price pressure as the supply grows. For now, the impact seems minimal, but if the net inflow continues to rise and the net outflow remains insufficient, it still signals that more investors might be planning to exit the market. @Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.